The Board of Directors of Ayco Grupo Inmobiliario has cancelled the firm’s €4 million capital increase, which had been approved by the General Shareholders’ Meeting in July, after the failure to meet the minimum amount established for the subscription of the new shares.
The next step will be to return the contributions made by shareholders who subscribed new shares in the company through the capital increase, according to reports filed by the company with the National Securities Market Commission (CNMV) on Tuesday.
Read the full article in Spanish.
